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Thursday, October 4, 2012

An Awakening

As expected, the Aussie has retraced ~ 50% of the move from the Monday afternoon low to 102.78 (intraday) today. Should the model continue to be prescient, it will once again roll over and take out the lows from early September.

My suspicion is that the equity markets will begin to arrest the considerable negative divergence over the coming weeks - by rolling over as well.

S hips that pass in the night, and speak each other in passing, only a signal shown, and a distant voice in the darkness; So on the oc...

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Disclaimer

This is not investment advice. Erik Swarts is not a registered investment advisor. Under no circumstances should any content from this website be used or interpreted as a recommendation for any investment or trading approach to the markets. Trading and investing can be hazardous to your wealth. Any investment decisions must in all cases be made by the reader or by his or her registered investment advisor. This is strictly for educational purposes only.